London-based currency specialist celebrates ‘exciting’ revenue growth after rebranding
After the first anniversary of its name change, Lumon today announces that its fiscal 2022 revenue forecast is up 27% from fiscal 2021, with its enterprise division exceptionally growing 48% from a year to year.
In 2021, the Lumon brand is launched, successfully bringing together all the brands from previous acquisitions. The London-based foreign exchange (FX) broker specializes in international payments and foreign exchange risk management for private and corporate clients.
In 2018 Foreign Currency Direct was acquired by Pollen Street Capital, then in 2021 Foreign Currency Direct, Infinity International and other associated brands became Lumon, which has since traded over £4 billion. This aggregation of companies has enabled a fusion of talent in the fintech and FX sectors.
The firm has always worked with a wide range of clients, from large companies to SMEs and individuals. It differentiates itself in the market with a strong focus on customer engagement and service.
Shamus Hodgson, Managing Director of Lumon, commented: “It is undeniable that we are currently going through a difficult time for the industry, affecting both suppliers and customers. Levels of uncertainty are high, so it’s more important than ever to feel secure in the payments made.
“While it’s certainly not the best climate for growth, Lumon has shown over the past year that it’s possible to grow a business despite it.” Lumon has also hired several new recruits over the past year, adding a group of industry experts to an already talented team.
Megan Dunford, who has a long history with Western Union, was hired as chief operating officer. Megan is an operations, change management and payment infrastructure expert with 20 years of industry experience.
Andrew Hogwood, Lumon’s current Chief Digital and Product Officer, is a digital and product ‘guru’ who joined the company from Sainsbury’s Bank, where he gained extensive experience in product development and customer-centric digital environments that accelerate business growth and radically improve customer propositions.
Emer Lynam joined the company from BrightHouse as its first Director of Human Resources. With the company viewing people as its “most important asset”, Emer has been tasked with ensuring it attracts, develops and rewards the best possible talent.
Finally, Andrew Gillespie has been named chief marketing officer of Lumon. Andrew is a “very experienced” marketing and strategy professional, having held senior roles at Barclays Retail, TSB, LV Insurance and Close Brothers.
By Matthew Neville – Correspondent, Bdaily
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